Insider Selling: Paysign (NASDAQ:PAYS) EVP Sells $233,616.00 in Stock

Paysign, Inc. (NASDAQ:PAYS) EVP Joan Herman sold 29,202 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $8.00, for a total transaction of $233,616.00. Following the sale, the executive vice president directly owned 807,009 shares of the company’s stock, valued at approximately $6,456,072. This represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paysign Trading Down 2.6%

Shares of PAYS stock opened at $6.79 on Friday. Paysign, Inc. has a 12 month low of $3.08 and a 12 month high of $8.88. The stock has a market cap of $379.63 million, a P/E ratio of 39.94 and a beta of 0.73. The company has a 50 day simple moving average of $6.29 and a two-hundred day simple moving average of $5.07.

Paysign (NASDAQ:PAYS) last announced its earnings results on Tuesday, May 12th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $28.04 million during the quarter, compared to analysts’ expectations of $27.01 million. Paysign had a net margin of 11.38% and a return on equity of 21.74%. Paysign has set its Q2 2026 guidance at 0.060-0.070 EPS. As a group, equities analysts forecast that Paysign, Inc. will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On Paysign

Several institutional investors have recently bought and sold shares of PAYS. Goldman Sachs Group Inc. grew its stake in Paysign by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company’s stock valued at $548,000 after acquiring an additional 17,466 shares in the last quarter. Jane Street Group LLC purchased a new position in Paysign during the first quarter valued at $51,000. Rhumbline Advisers lifted its position in Paysign by 5.2% during the first quarter. Rhumbline Advisers now owns 46,587 shares of the company’s stock valued at $99,000 after purchasing an additional 2,303 shares during the last quarter. Geode Capital Management LLC lifted its position in Paysign by 1.6% during the second quarter. Geode Capital Management LLC now owns 788,500 shares of the company’s stock valued at $5,679,000 after purchasing an additional 12,490 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Paysign by 19.1% during the second quarter. Invesco Ltd. now owns 16,942 shares of the company’s stock valued at $122,000 after purchasing an additional 2,716 shares during the last quarter. 25.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PAYS has been the subject of a number of analyst reports. Weiss Ratings raised shares of Paysign from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 14th. DA Davidson reissued a “buy” rating and issued a $9.00 price objective on shares of Paysign in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Paysign from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Finally, Lake Street Capital increased their price objective on shares of Paysign from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

About Paysign

Paysign, Inc (NASDAQ:PAYS) is a U.S.-based financial technology company specializing in prepaid payment solutions. Through its cloud-based platform, the company enables corporations, government agencies and payroll providers to issue and manage stored-value cards, digital wallets and disbursement programs. Paysign’s offerings span gift and incentive cards, payroll and earned-wage access cards, government benefit distribution, tax refund solutions and health savings account disbursements.

The company’s flagship Paysign Experience Platform provides configurable card programs with real-time transaction reporting, fraud monitoring and regulatory compliance tools.